Raymond Realty Shares List At Discount: SEBI RA Rajneesh Sharma Backs Fundamentals

Raymond Realty shares made their debut on Indian stock exchanges on July 1, following its demerger from Raymond. The shares listed at ₹1,000 on the National Stock Exchange (NSE), 4% below the discovered price of ₹1,039.30. 

On the Bombay Stock Exchange (BSE), the shares listed at ₹1,005, representing a 2.5% discount to the discovered price of ₹1,031.30, reflecting a weak debut on the bourses. 

At the time of writing, Raymond Realty shares were down 5%. 

Raymond Realty demerged from its parent company in a strategic move aimed at unlocking value. The demerger was completed on May 1, following approval from the National Company Law Tribunal, and the record date for shareholder eligibility was set at May 14. Under the demerger scheme, every Raymond shareholder got one share of Raymond Realty for every share of Raymond they owned.

The demerger aligned with Raymond Group’s broader restructuring strategy, which included the separation of Raymond Lifestyle last year. 

Raymond shares rallied 6%, while Raymond Lifestyle fell 2% on Tuesday. 

SEBI-registered analyst Rajneesh Sharma noted that light volumes on listing day are common during initial price discovery phases post-demerger. He advised traders to watch for stability and volume pickup over the next few sessions. 

Sharma added that Raymond Realty is fundamentally sound with a clean balance sheet and long-term growth drivers.

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